Greg Jennings LLC Acquires 22,898 Shares of Kinder Morgan, Inc. $KMI

Greg Jennings LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,898 shares of the pipeline company’s stock, valued at approximately $690,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ontario Teachers Pension Plan Board purchased a new position in shares of Kinder Morgan during the second quarter worth about $239,397,000. State Street Corp increased its position in Kinder Morgan by 4.3% in the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after acquiring an additional 5,361,578 shares during the period. Assenagon Asset Management S.A. raised its stake in Kinder Morgan by 220.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock valued at $125,185,000 after acquiring an additional 2,695,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Kinder Morgan by 253.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock valued at $100,421,000 after acquiring an additional 2,146,573 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after acquiring an additional 1,875,143 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.78 during midday trading on Monday, hitting $33.42. The stock had a trading volume of 14,293,731 shares, compared to its average volume of 12,193,153. The company has a market capitalization of $74.43 billion, a PE ratio of 21.43, a P/E/G ratio of 2.41 and a beta of 0.59. The stock has a 50 day moving average price of $31.69 and a two-hundred day moving average price of $32.02. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s payout ratio is presently 76.28%.

Insider Transactions at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares of the company’s stock, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Citigroup reissued a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a report on Wednesday, July 29th. Weiss Ratings cut Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wells Fargo & Company upped their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Argus increased their price target on Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $35.47.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.